by: Amanda LoweryYou’ve spent months (maybe years) aggressively courting members in their prime borrowing years to offset your credit union’s aging Baby Boomer population. You’ve run promotions, offered incentives, competed on rate. And you’ve been rewarded with successful lending growth. But now, you might have a different challenge ahead: being loaned out. That means you need more deposits, pronto.Thanks to the effectiveness of loan promotion strategies and regional economic conditions, we’re seeing some credit unions on the East Coast reach this point. If you’re in the fortunate position of needing deposits again, here are a few tried and true growth strategies you should consider.1. Have a deliberate conversation. Many credit unions are returning to the days of calling members to check on their satisfaction and inform them of products that may be beneficial to them, like a personal banker. Focus these efforts by identifying your high-potential members first. Create a profile of your desired depositor (product, delivery channel usage, age, other products, zip code, etc.), then review your member data to see who fits this profile but doesn’t current have deposits with you. It’s time to give them a call.2. Make it easy. A lot of financial institutions say they excel at customer service, but only a few actually do. Invest some time and effort in making the deposit process easier and more satisfying. Consumers (especially Millenials) expect to be able to do just about everything online, so make the process simple and offer assistance moving online banking data. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
19SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Deciding where to do your banking is not as simple as it once was. There are thousands of financial institutions available at your fingertips in our well-connected digital world. While brick and mortar are still important, branch and ATM access is only part of the overall equation. Credit unions are asking themselves not only how do we capture and hold onto our members, but also how can we nurture that relationship so that loyalty grows? How can we become our members’ primary financial institution?Where To Start?A good place to start would be to have a better understanding of what your members’ (and potential members’) needs and expectations might be. According to recent research by Visa, over the course of the next few years, Millennials will come to represent the largest workforce segment of our population. An incredible 75% by the year 2025! They already outnumber Baby Boomers and are fast becoming an influential part of our economy. Understanding Millennial banking needs and habits is a critical part of keeping your credit union relevant. Providing up-to-date, digital banking via convenient electronic channels should be a priority. Member services that support them best will build satisfaction, loyalty, and potentially invoke balance transfers and account migration. continue reading »
41 Oceana Tce, Manly.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North1 hour agoNew apartments released at idyllic retirement community Samford Grove Presented by Marketing agent Marc Sorrentino, of Place Manly, said the house was built to commercial standards with BMD laying all the footings, retaining walls, pool and tennis court. BMD Constructions head Mick Power has listed his Manly home.THE managing director of construction company BMD Group has put his architecturally-designed Manly home, complete with tennis court, sauna and sea views, on the market. Mick Power had the four-bedroom property built in 1983/84 with Delwyn Poulton as the architect and Ernest Day & Son as the builder. 41 Oceana Tce, Manly.“Mick’s favourite parts of the house are the entertaining areas (including) the oversized billiards room with bar, which opens up to the pool and tennis court where he and his family spent many years enjoying the company of their friends,” Mr Sorrentino said. 41 Oceana Tce, Manly.Mr Power is also a board member of the Brisbane Lions Football Club and an Honorary Ambassador City of Brisbane. 41 Oceana Tce, Manly.“Mick loves the area. He chose Manly as the place to live but also the place to set up his head office.”The three-storey home has with views over the Manly Yacht Club and Marina.It features a spa, sauna, swimming pool, tennis court and billiards room with built-in bar.
The UK’s Pensions and Lifetime Savings Association (PLSA) has launched a taskforce to tackle the problems faced by defined benefit (DB) pension schemes and come up with solutions and recommendations for the UK government. The former deputy chair of the Bank of England’s working group on procyclicality by pension funds and insurance companies will chair the taskforce.It counts Stephen Soper, the former head of DB and interim chief executive of the UK pensions regulator, among its seven other members. Soper has been senior pensions adviser at PwC since September. Joanne Segars, chief executive of the PLSA, announced the launch of the initiative at the association’s investment conference in Edinburgh today.“The difficulties facing defined benefit schemes are much talked about, and they often seem too complex or enormous to address – but those problems aren’t going away any time soon,” she said.The taskforce will “tease out” the detail of the challenges facing DB schemes and set out possible solutions, she added. “Some of those solutions may be radical, but, if we work together, I am confident we can find the right answers.” The taskforce, which comprises industry experts and academics, will seek views and evidence from schemes of all sizes, as well as sponsors, regulators, government and intermediaries.It intends to report its initial findings in the summer and has been tasked to come up with recommendations for the UK government by October, with a full report to be published at the PLSA’s annual conference that month.Ashok Gupta, chair of the new taskforce, said it would aim “to cut through the Gordian Knot” facing UK pension schemes. “There is broad consensus the pensions sector should provide long-term sustainable outcomes for members and act as a powerful engine of growth to the economy,” he said. “It is clear however, that for some time pension schemes have been grappling with a wide range of challenges, including scheme funding, changing regulatory requirements and an uncertain macro-economic environment.“These have hampered their ability to deliver both commonly agreed objectives.” The other members of the taskforce are:Duncan Buchanan, partner, Hogan Lovells and president, Society of Pensions ProfessionalsFrank Johnson, PLSA DB Council and former managing director of investments at RPMI RailpenJackie Peel, PLSA DB CouncilPaul Trickett, chairman of trustees of the Legal and General Mastertrust and Zurich UK pension schemeKevin Wesbroom, senior partner, Aon HewittLesley Williams, PLSA chair
Barbara Jean Smith, age 72, of Brookville, Indiana died Monday, April 1, 2019 at Christ Hospital in Cincinnati, Ohio.Born October 6, 1946 in Hazzard, Kentucky she was the daughter of the late Clyde & Eva (Creech) Williams. She was united in marriage to James W. Smith, and he survives.She was a homemaker; and had also worked as a nurses aid for several years. In her leisure time she enjoyed the outdoors, fishing and hunting mushrooms.Besides James, her husband of 50 years, survivors include two sons, Darryl Smith and James Smith both of Brookville, Indiana; two grandchildren; three great-grandchildren; three sisters, Mary Lee Bauldrick, Dolores Goanes, and Patricia Hines all of Cincinnati, Ohio; two brothers, James Williams of Bright, Indiana and Donnie Williams of Delhi, Ohio.In addition to her parents, she was preceded in death by several infant children; a son, James W. Smith Jr., and a sister, Deborah Clayton.Family & friends may visit from 12:00 Noon until 2:00 P.M. on Thursday, April 4, 2019 at Phillips & Meyers Funeral Home, 1025 Franklin Avenue, Brookville.Rev. Wayne Ison will officiate the Funeral Services on Thursday, April 4, 2019; 2:00 P.M. at Phillips & Meyers Funeral Home in Brookville. Burial will follow in Cupps Chapel Cemetery in Metamora, Indiana.Phillips & Meyers Funeral Home is honored to serve the Smith family, to sign the online guest book or send personal condolences to the family please visit www.phillipsandmeyers.com .
Dania Bogle, Senior Gleaner Writer FANS OF athletics may have heard the name Paul Francis as the master strategist behind Jamaica’s gold medal in the women’s 4x400m at the International Association of Athletics Federations (IAAF) World Championships in Beijing, last August. Others know him as the younger brother of MVP Track and Field Club head coach, Stephen Francis and one of the club’s founders. Athletes at the University of Technology (UTech) know Francis as head coach of the women’s track team and for four years between 2010 and 2014 their classmate. Francis was 44 years old when he decided to go back to university. He had started in the 1980s at the University of the West Indies and dropped out after a year. He was accepted to do a degree in Business Administration at UTech in 2005 and opted out; but on February 2, 2010, what started out as a minor car accident, would change Francis’ life forever. While travelling on Highway 2000, he had a minor accident and when he left the vehicle to inspect the damage, was hit by a passing car which crushed his right leg. That exacerbated an injury Francis had suffered in 2008. “One day after training, I was fooling around on the track with a football and twisted my ankle and it just …broke. So I was walking around with a noticeable limp from two years before,” Francis told The Gleaner. After three weeks in hospital he was told his leg had developed an infection, and would have to be amputated. Jamaica Athletics Administrative Association president, Dr Warren Blake, one of the island’s most noted orthopaedic surgeons, conducted the operation. “Of course, I would have felt a deep remorse on hearing that I would have had to lose half of one of my legs and like any normal human being, I buss a bawl,” he shared. NO LOOKING BACK “After that bawl, never again have I looked back and regretted or thought that I am disadvantaged because I have a disability.” Francis, an IAAF Level IV certified sprint and hurdles coach, and Area Technical Official, was fitted with a prosthetic leg that August. The amputation made him reevaluate his position. “I did not see myself being able to demonstrate a high knee drill or a start to any athlete, and I thought that would somehow reduce my premium as a coach, and I thought it would be an excellent idea to ensure I try to expand my knowledge in terms of the administration of the sport because sport is my passion. I didn’t want to be somebody who had to sit down and rely on people,” he said. In 2010, a long-time dream of local track and field icon Dennis Johnson, who was for many years head of sports at UTech, the Bachelor of Science in Sport Science would come to fruition. “So as soon as I heard it was on, I jumped at it,” Francis, who turns 50 in April, said. There were days when Francis, who graduated with a degree in Sports Management, would go to classes on crutches as his prosthetic limb caused soreness. “Each day, I got a little stronger in terms of how to manage my own body. I had years of coaching experience and every sporting event doesn’t need only players, but it also needs strategists who are going to guide or coach the team. So oftentimes I played that role but at no point did I refuse myself from any practical activity because of my disability. I took part in every one of them,” he said. Being a full-time coach and student can be difficult, but Francis said difficulty is relative. “I thought I was blessed. It was simply a thing of managing your time. I have always considered myself a realist. In most situations I prefer to see a bottle as half full rather than half empty, and one of my most dominant philosophies is that no matter how bad a situation you think you are in there are many who are worse and they have survived it, therefore you can too.” Francis works very closely with his brother, and while he is the more celebrated, has nothing but great love and respect for the job his brother is doing. FIRST ATHLETE He was Stephen’s first athlete as he coached him in the discus while he was at Wolmer’s. “I have zero reservation about the kudos and recognition Stephen gets. I am his biggest admirer. He is bright. He is working at his passion and he uses all his available resources to ensure that he keeps improving at what he does. I feel a bit ashamed sometimes when people big me up because I think that he deserves most or all of the praise,” he said. Since graduating, Francis has started his own events planning business and is enthusiastic about his future. “You can either choose to lie down and die or you can choose to get up and live. I chose to live,” he said.